tag:blogger.com,1999:blog-3758330678390419129.post481607623149533699..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Warren Buffett as a Big Government Central PlannerRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-67108287889006350872012-11-26T11:32:50.237-05:002012-11-26T11:32:50.237-05:00I would prefer a 150% tax on wealth over 50 millio...I would prefer a 150% tax on wealth over 50 million dollars - oops, sorry Warren, now you're broke. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84200576821948381322012-11-26T10:15:04.977-05:002012-11-26T10:15:04.977-05:00I was a tax consultant to the wealthy for a long t...I was a tax consultant to the wealthy for a long time and you are correct. Its more about wealth preservation with them than wealth creation. There is also this belief among many that all you need is a good tax guy to reposition your wealth to avoid increased taxation. You would also be surprised at how many are totally clueless about their holdings and simply rely on a generous stipend that Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85677925716077084602012-11-26T10:05:02.343-05:002012-11-26T10:05:02.343-05:00IMO, Buffet knows that without a big government ba...IMO, Buffet knows that without a big government backstopping his portfolio, his job of trying to run a conglomerate of companies becomes impossible. The man is as dependent on the government every bit as much as the welfare mom in South Chicago. Remember also that Buffet has massive amounts of accumulated capital and when you raise taxes as he proposes, you make it much harder for others to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64472823928996957612012-11-26T09:26:57.537-05:002012-11-26T09:26:57.537-05:00People like Warren Buffett are a major part of the...People like Warren Buffett are a major part of the problem. Here is his take on business:<br /><br />“Consider this set of coin-tossing possibilities, proposed by Warren [Buffett]. Suppose 225 million Americans all join in a coin-tossing contest in which each player bets a dollar each day on whether the toss of a coin will turn up heads or tails. Each day, the losers turn their dollars over to McKinneynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15004487170956726302012-11-26T09:13:47.065-05:002012-11-26T09:13:47.065-05:00His fortune is in Dollars is it not? I'm not s...His fortune is in Dollars is it not? I'm not sure what to think of this other than he's old as dirt, and who knows where his fortune is going when he dies?Davidhttps://www.blogger.com/profile/06488483860138306993noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69420268801140286042012-11-26T08:07:13.073-05:002012-11-26T08:07:13.073-05:00The man is a slime ball. He knows that the ultra r...The man is a slime ball. He knows that the ultra rich already have money and do not concern themselves with high income taxes. And if you increase capital gains taxes, they've more than likely have holding on to positions for so long that the tax increase is insignificant to them. <br /><br />Buffett is clearly declaring war on ultra PRODUCTIVE people. The small business owner. The upper Anonymousnoreply@blogger.com